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Search Results 0 to 36 of about 37 (some duplicates have been removed)
deadline still fast approaching, the big question, will we see any progress so the u.s. will not default on its bills? nbc's mike vick kwer are at the white house. >> reporter: raising interest rates, people not getting checks, veterans affairs, in the course of each and every month. that's what's at stake here, the government would have to start to prioritize and major credit agencies are already talking about downgrading treasury bonds and the wisdom of investing in those. today, more dualing back and forth, the president in his weekly address, orrin hatch speaking for republicans, here's what they had to say about the state of play. >> i don't think oil companies should get tax breaks when they're getting tens of millions of profits. i don't think hedge fund managers should make more in bonuses than their secretaries salary. >> it was a crime of the president to submit and for congress to pass -- the only reason that congressional democrats would refuse to pass it because they know that the people of this country would rise up and quickly ratify it. >> there you see orrin hatch from u
that washington could be on the verge of its first-ever default. the big question now, how might wall street react this morning? >> it's unthinkable that this country will not meet its obligations on time. it's just unthinkable that we'd ever do that. >> reporter: a market slide could affect what you pay for mortgages, car loans, financing college. right now, washington is stuck on the timing. democrats and republicans want to tighten this up now. >> i don't think they have they choice. >> reporter: republicans want a short-term deal. cut $1 trillion now. and then, more cuts through the elections. >> and not some short-term gimmick. >> i know the president's worried about this next election. my god. shouldn't we be worried about the country? >> reporter: speaker boehner told conservatives to be ready to make compromises. >> if you break it, you own it. >> reporter: has the world been looking at all of this? one english official says right-wing nutters, as he calls them, in congress, are causing more of a problem for the economic economy than the crisis in europe. >>> the man accused in the massacr
heated yesterday between obama and eric cantor. while they bicker, the big three credit rating agencies are warning the aaa bond status could be at risk. the debt ceiling deadline, as you may know, is august 2nd, but the president set tomorrow for the deadline to see if a grand bargain is possible, if not a bare bones bargain. if not, payments to critters, bill payments, you name it, there is not enough income to cover all that. every month we come up $125 billion short. if we cannot borrow to bridge the cap, 40% of the monthly obligations could not be paid, and that could include social security checks due to go out on august 3rd. the stakes we just laid out are monumental, so both sides have to give ground and risk their jobs for the good of the country. what is so hard about that, right? joining me with their insights on conflict resolution are cnn contributor, pete dominic, and family law attorney, mrs. winestein. what does it take for two entrenched parties to agree on a deal that both need? >> well, you know, the obvious is that you take the emotion out of the room and you try to
it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. >> yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that balanced budget amendment that john boehner needed so badly to get the house to vo
name kidnap her. that was a big fat lie. warm welcome for soldiers returning home from war. more than 50 national guard troops returned to cedar rapids, iowa, after spending a year in afghanistan. about 2800 men and women will return home to the area in the next few days. this is the largest deployment that the state has seen since world war ii. and those are your headlines. >> let's talk about what's going on. couple of days ago, we heard the president of the united states say don't call my bluff, eric cantor and i'll take my case directly to the american people. today, the president is going to take his case to the american people. he has a press conference this morning at 11:00 a.m. >> we'll see what he says again. there's no talks today, folks. they've been doing them every day this week. there was a rumor maybe they'd go to camp david this weekend but not sure if that's going to happen. no talks today. >> fascinating to see after an hour and 19 minutes yesterday that eric cantor did not say a word today, yesterday, and on thursday. now the president for the second time this week
a lot. he want as big deal. will he and the president find a compromise? guess who is back? nancy pelosi, your favorite friend, the foam house speaker is back at the table and is in open the debt talks and wants to point the fingers at ... guess who? >> day one of 85 of the republican majority in the congress and we have not seen one jobs bill come to the floor. >>dave: day 185. we expect the republican congress to create jobs in less than a year yet the democrats had four years in control of congress and did what for jobs? >> and the day of fast tush around in the media and all at, quick response from romney about her comments. listen to this. uncertainty is probably the one thing, a heck of a problem. is my company going to be here? it is tough. things have to change. have to change. >>dave: that ad in response to comments early this week, from the senior advisor to president obama who said people will not vote based on the unemployment rate and jobs numbers but based on their situation. well, their situation is the unemployment rate. it is the jobs numbers. that is their reality. so,
's casey anthony released shortly after midnight. last night -- night before last. the big question now is where did she go? >> right, where is she? >> where did she go? we know that after the courthouse right there, they went in a series of cars over to a parking garage where her attorney was. next thing you know, we don't know. >> possibly the old switch-a-roo there. >> she's facing the possibility of some lawsuits so she can't completely disappear so we may see her popping up again. right now, we don't know where she is and that's incredible really when you think about the amount of attention that this has gotten and that everyone knows what she looks like. >> it was amazing. had to go through some precautions. for a woman without a budget, it's amazing the amount of money we were spending on her, her safetyher future for now anyway or maybe somebody is keeping a tab because she probably will be coming into some money soon. they called up her parents and said do us a favor, show up at the hotel, excuse me, at the prison, and go -- and be a good decoy for the press who are going t
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
us the big picture. >> reporter: what's happening now is democrats are waiting. they're just waiting to see what happens with the republican's bill before making their own move in the senate. the big picture here is neither the republican's bill in the house nor the democrats' bill in the senate seems to have the votes to get through both houses of congress. so we're back at stalemate. >> and so it's wednesday and there's no deal. the ted line is tuesday of next week. if congress can't get it done by then, you could start to see higher interest rates, a declining dollar and other problems. the white house website has put up a chart that breaks down the u.s. debt by administration over the last ten years. i was just looking at it. more than $3.5 trillion because of changes to the economy, not policy changes, but less tax income and things like that. the two wars, tax cuts, t.a.r.p., the so-called bank bailout, the stimulus is all listed there. worth checking out if you have some time. don't worry, it's safe for work. we do love our charts. >>> a federal granld jury in alabama indicted
big snag. >> this is amazing, the owners say we've ratified a deal. let's play ball and open up the gates on saturday. the players say wait a second, we haven't read the whole thing. how dare you end the longest standout and lockout in this league without our permission? listen. >> we can all work quickly expeditiously and get this agreement done. it's time to get back to football. that's what everybody here wants to do. >> i've never seen anything like that. the players wanted more time to study the last minute changes. they have a lot more players than owners. now they feel a little stand-offish, the delay means camps won't open tomorrow, perhaps and the hall of fame game that is the official launch for the preseason which is the nfl season is canceled. and every week of preseason that is canceled, average loss of $200 million for players and owners. >> big deal. >> can't we all just get along? >> how can you end a fight without the other person's permission? how can you end a stand-off without the other person agreeing? you can't do that! >> speaking of a fight and stand-
at u.s. 101, a tow truck is on the scene. a big rig lost its load, turns out that was a mobile home, one lane is squeaking by. this is a bad spot. give yourself extra time or take 280 as an alternate. laura, back to you. >> thanks for the update. for the latest traffic and news updates check out nbc bay area morning news on facebook. a local news update coming up for you in about a half hour. >>> 7:30 on this thursday morning, july 7, 2011. that was casey anthony's reaction in an orlando courtroom about an hour ago, as a judge sentenced her to four years in prison for lying to investigators, but with time served, and good behavior, she could be released in a matter of weeks, possibly even sooner. >>> i'm ann curry alongside david gregory, who's in for matt this morning. just ahead we'll have more on the sentencing. >> right. one of the big questions, will she cash in our her fame once a free woman? is she planning on having a baby? what surprising letters reveal. >>> also ahead, new details about a big scandal that's rocking england. a popular tabloid newspaper is accused of hacking
with fake documents to get real passports and then come to the u.s. and a big part of the problem is that countries aren't sharing information with each other. part of this government accountability office report says "even when countries have terrorist screening information, they may not have reciprocal relationships to share such information or other traveler information such as passenger airline lists with other countries to limit the ability of preventing travel of known or suspected terrorists." even though a passport can't kill someone, it can help a bad guy get in position to do some serious damage. >> travel documents are the same as weapons to terrorists. they can't carry out their plots without them. with our partners, and again, some of that is out of our control. we're closer to a c. >> and this gao report deals heavily with the breakdown, basically in communication with other countries. here at home, though, we are not perfect because since november 2001, just a few weeks after 9/11, there have been 25,000 security breaches at u.s. airports. that's about seven a day a
which is why no congress has ever, ever failed to raise the debt ceiling. it's why the big names on the left and the right from paul krugman to alan greenspan say missing the deadline would be suicidal. tonight house minority leader eric cantor who was against -- said he might be willing to talk about closing some tax loopholes. he and the rest of the democratic leadership and their counterparts to meet with president obama at the white house. "washington post" just now moving a story reporting on a possible big concession the president might put on the table. the post reporting he will for the first time offer up significant savings in social security. the newspaper sourcing it to people in both parties with knowledge of the president's proposal. in any case, today mr. obama called on both sides to get moving. >> congress has a responsibility to make sure we pay our bills. we've always paid them in the past. the notion that the u.s. is going to default on its debt is just irresponsible. and my expectation is that over the next week to two weeks, that congress working with the wh
's why. big area of high pressure. there's a big strong upper ridge. this is just a heat pump that will continue. and the bad news is, this goes into at least thursday. in fact, jet stream guns up a little further into canada so that heat will be creeping up north as the ridge intensifies. we don't see this breaking down at least until the weekend. so the mid section of the country is going to continue to bake the northeast gets a little bit of a break as we head on into the next 72 hours. ann? >> all right, al, thank you so much. we'll get the rest of your forecast in a bit. >>> for now, to britain's deepening phone hacking scandal. this morning there are claims that journalists from other rupert murdoch's other papers were involve and the alleged target is former p.m. gordon brown. stephanie goss is in london with this. stephanie, good morning. >> good morning, ann. gordon brown does not mince his words when he spoke to the bbc this morning about rupert murdoch's papers me said those papers used people to gather information on known criminals. the allegations appearing in th
, some real big news, actually, because speaker boehner, it seems, may have a plan that will come to fruition, before 4 p.m. this afternoon so that the asian markets aren't rattled and it will involve sort of a two pronged approach. >> yeah, but the most important part of the two step process clayton mentioned there's going to be a short-term extension involved and the democrats have objected to that, as you know, from the very beginning, the president, nancy pelosi, harry reid all three last night reiterating they will not support a short-term extension. so it appears we are playing with some serious fire on this sunday. >> what does john boehner do, comes up and hands over the paper work, they immediately say no. listen to this, thises what mitch mcconnell has to say about this. there is bipartisan agreement on the need to prevent fault and given the unprecedented size of the debt ceiling increase, the president is requesting, this is not an easy process. and the effort to prevent default while substantially reducing washington spending will continue. >> of course, all of the co
in august. so that has a big trickle-down effect. because now they won't be able to pay their bills. you think about the economy we're in. we're thinking about potentially going into another recession. if they can't pay their bills, it will affect their credit, the interest rates they're already paying, and potentially more fees. and it's going to hurt. >> the president already said. he said in an interview this week, i don't know if those checks, if we'll be able to send those checks out. another group we're talking about here. a couple of groups, government workers and unemployed. >> first with the government workers. we're talking about maybe a potentially 40% cut. this means a lot more furloughs. and keep in mind, we've already got employees that are furloughed right now. you're talking about, it could affect the military workers, any kind of government, federal government workers. we'll see cuts in rail systems, parks closing. different things. and we've been here before and seen this potentially happening. now we're really looking and facing that this could be real. >> you're menti
the democrats point of view, no tax hikes as well. >> that's the big sacrifice? one of their big cuts is a trillion dollars out of the defense budget because they figured out that the iraq war is winding down so afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right t
of higher than expected receipts, but they're going to have a couple big social security payments and interest payments due, so it's not entirely clear to the markets or to anybody else when treasury will exhaust its reserves. >> annie lowery, economic and business reporter for slate. >>> well, joining me from the hill now illinois republican congressman robert dold who serves on the financial services committee. representative dold, thanks for being here this morning. it's a busy day. >> thanks for having me. i appreciate it. >> i know, sir, that you supported john boehner's plan, but you say you would have voted for it without a budget balanced amendment. why are some of your colleagues saying they need that fully knowing it would not pass the senate? >> the number of my colleagues booef e plea of we have to change the way washington is working, so we've been grossly overspending for a long period of time. it's been happening on both sides of the aisle. it's a clear washington problem. american families have tightened their belt. american businesses have done the same. they shou
. however there is disagreement over that point, big disagreement over that point. >> the other thing we'll be looking at is of course whether or not there will be issue with the credit rating. we'll talk about that. rebecca thanks. chris? >> thank you. >>> there is news of another arrest in the widening phone hacking scandal in britain. rupert murdoch is being pressured to appear before lawmakers in london and washington. dana lewis is in london good morning. >> reporter: good morning, we're hearing a ninth person has been arrested in the phone hacking scandal, the former executive editor of the "news of the world," but the late breaking news here this morning is the british government committee has just issued a summons for rupert and james murdoch to appear before them to answer questions about what they knew in the phone hacking scandal but legally there is a serious question over whether they can be compelled to appear. damage control in high gear rupert murdoch and son james in london trying to find a way to put out the fire. news corp shut out "nut of the
. [ jack ] yeah, ts is pretty good. don't you have a big race today? don't worry, kevin, i've got it all covered. (cheering crowd) track announcer: and jamie mcmurray wins the brickyard 400. how'd we do? announcer: check out huge clearance savings at bass pro shops and our upcoming fall hunting classic. he was all like "oh no, i cannot do investing." next thing you know he's got a stunning portfolio. shhhh, you're welcome. [ male announcer ] e-trade. investing unleashed. >> all right. glad you're up. the debt ceiling deadline quickly approaching. we're less than one week away from possible default. so how will washington come together on a solution before tuesday's deadline? will they at all? former advisor to president bill clinton and author of "revolt" dick morris now joins us. dick, i know you have a lot to say about this and how this is all playing out. first off, as for the president, is this drama working for him? >> no. no, it's working against him. ultimately, whenever washington is a mess, it's the president that gets blamed for it. now, of course, republicans in congress get
-old, a student politician. this man's family called him a big bear, killed while trying to save his friends. some of the victims were immigrants or children of immigrants, the people hated so much by the killer, 32-year-old anders breivik. he used special bullets to explode inside the body. a doctor here said he'd never seen so much internal destruction. survivors are traumatized. >> i knew it was over. i knew this was -- i'm going to die now. >> reporter: adrian, 21 years old. >> he also screamed out that he was going to kill us all, that this was the day that we must die. >> reporter: adrian was shot in the neck and shoulder. he played dead. and anders breivik moved on. most of the teenagers had cell phones and called home. anguished parents called the police, and some texted their children throughout the ordeal. the first message from judy, 16 years old, mummy, tell the police to come quick. people are dying here. her mother couldn't leave the kitchen table. she answered, the police know. they've had many calls. give a sign of life every five minutes. julie, we are in fear of our lives. mother
they get a tax-exempt status? >>reporter: that is the big question is. any groups that a right, obviously, to form and criticize fox news. the question is, should that be a taxper, subsidized, tax-exempt deductibl activity. media matters is something called a 501 (c) 3 referring to the section of the code that covers it and deductions to media matters are people getting to take off their taxes as if they gave money to the red cross or salvation army. and media matters is increasingly political in recent years and the founder has formatted what is scale add super pac to raise large amounts of money to defeat republican candidates and there are reports that the white house is in the entirely happy with that because they felt he was more effective attacking fox news at media matters. the question is, should that be subsidized by the federal government. deep deep the deep pockets, obviously, george soros and tell us about his past for those that do not know. >>reporter: he is a billionaire, naturalized american citizen and has in the past been caught up in insider trading activity in jump, an
been not a big deal but a small deal, something that would raise the debt limit. whether it's short term or long term. he wants a longer term. the advantage he's gained in public opinion, we saw that from our poll earlier in the week. it's why, by the way, speaker boehner was right when he said in his press conference, this wasn't about personalities, it was about different visions of country. house republicans are not playing politics. it's crazy politics what they're doing and republican leaders think it may hurt the party but it's what they believe and that's why we're at this point. >> john, it's interesting, speaker boehner called his press conference a few minutes after president obama but notably after the markets had already closed. was this intentional? >> reporter: absolutely it was intentional. the speaker was trying to do what he could to minimize the fallout from the collapse of these talks. and that's why there's urgency in meetings today and also on sunday to try to come to some resolution before markets open on monday in the hope that they can avoid a negative reacti
Search Results 0 to 36 of about 37 (some duplicates have been removed)

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